The History of Currency, 1252 to 1896Shaw, William Arthur
History
The History of Currency, 1252 to 1896
Shaw, William Arthur
Money -- History
The tale was altered from 8 to 7-1/2 to the mark, but the standard was
lowered still further to 14 loth 2 grs. fine (= 8-120/254 to the mark of
fine silver). But in the accompanying tariff the actual specie
thaler-piece was set at 22 groschen, or 66 kreutzers.
The third Imperial Mint Ordinance established an important difference
from this system. The actual thaler or silver gulden (= 72 kreutzers)
was ordered to be discontinued, and no more minted, and a different
basis adopted of silver Reichs guldens = 60 kreutzers, at a tale of
9-1/2 to the mark, 14 loth 16 grs. fine.
This intended exclusion of the thaler, however, proved quite
ineffectual. Protestations were raised against it, and in the Reichstag
at Augsburg the minting of the thaler was again authorised--8 to the
mark, 14 loth 4 grs. fine.
The immediately succeeding movement of the thaler is given in the text
(see Table, p. 103).
Further than, as above, it is out of the question in so brief a résumé
to specify the minuter confusions and conflicting variations of the
German monetary system at the opening of the sixteenth century. During
the course of that century three separate attempts were made to
establish an imperial system that should displace all minor ones, and
thus remedy the confusion.
The first attempt was made by Charles V. in his Imperial Mint Ordinance
issued at Esslingen on the 10th November 1524.
The basis of this ordinance was the mark of silver = 8 florins 10
schillings 8 heller, and the pieces ordained were--
1. A silver piece = 1 Rhenish gold gulden, 8 to the mark, 15 loth
fine (see the account of the thaler above).
2. _Orth_, 32 to mark, 15 loth fine.
3. _Zähender_ = 1/10 Rhenish gold gulden, 80 to mark, 15 loth fine.
4. _Groschen_ = 1/21 Rhenish gold gulden, 12 loth fine, 136 to
mark.
Besides these coins, the ordinance recognised temporarily a whole series
of then-current pfennige. Thus--
Strasburg pfennige, · 126 to the gulden.
Würtemberg " · 168 "
Rappen " · 157-1/2 "
Rhenish " · 210 "
Saxon " · 252 "
Räder " · 312 "
As explained in the text (p. 96), this ordinance came nowhere into
observance, and twenty-nine years later Charles V. issued his second
Imperial Ordinance at the Reichstag of Augsburg (1551).
The system then attempted to be instituted was based on a mark of fine
silver = 10 florins 12-1/2 kreutzers but in denomination a double system
was employed--
1. Gold gulden = 60 kr.
2. {Gold gulden } = 72 "
{Gulden groschen}
1. The Reichs gulden (= 1 gold gulden = 72 kreutzers) was
prescribed thus--7-1/2 to the mark, 14 loth 2 grs. fine (see
account of thaler, _supra_).
2. The kreutzer-piece was prescribed--237 to the mark, 6 loth 1 gr.
fine (= 626-3/4 to the mark of fine silver).
Public-domain text, read in full here on John Shaqi.
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